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Updated over 10 years ago on . Most recent reply

Account Closed
  • Fishers, IN
1
Votes |
19
Posts

What determines how quick you can close?

Account Closed
  • Fishers, IN
Posted

When you say you can close quickly - what enables you to do that?  Does that just mean you won't be requiring an appraisal, inspection, loan, etc. so you won't have to wait on that, or is it that you have some relationship set up with a title company where they will get it done quickly for you?  

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494
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Derek W.
  • Investor
  • Kern county Riverside County, CA
261
Votes |
494
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Derek W.
  • Investor
  • Kern county Riverside County, CA
Replied

You can (and should) still due your due diligence. But I satisfy my due diligence before I write the offer.  By the time I've written the offer, I know I'm good to buy the house without any further inspections.  If someone doesn't have lots of experience estimating rehab and cost maybe removing all contingencies isn't a good idea at first.  But you can have inspections done in one day, so that part shouldn't hold up closing.  It's really whether you are offering all cash, or need to get a loan that affects the closing time.

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